A Singapore Subsidiary's Trial Balances for the Beginning and End

A Singapore subsidiary's trial balances for the beginning and end of 2020 appear below, in Singapore dollars (S$):
$\begin{array}{|l|c|c|}\hline &\text { January 1, 2020 } & \text { December 31, 2020 } \\&\text { Dr (Cr) } & \text { Dr (Cr) }\\\hline \text { Cash and receivables } & S \$400 & S \$ 1,500 \\\hline \text { Irventories } & 8,000 & 7,500 \\\hline \text { Plant assets, net } & 15,000 & 14,500 \\\hline \text { Liabilities } & (18,400) & (18,000) \\\hline \text { Capital stock } & (2,000) &(2,000) \\\hline \text { Retained earnings, beginning } & (3,000) & (3,000) \\\hline \text { Sales } & & (12,000) \\\hline \text { Cost of goods sold } & & 8,000 \\\hline \text { Depreciation expense } & & 1,000 \\\hline \text { Other operating expenses } & & 2,500 \\\hline&S\$\quad0&S\$\quad0\\\hline\end{array}$
Sales, inventory purchases and other operating expenses occurred evenly during 2020. The plant assets on hand at the beginning of the year were purchased when the exchange rate was $0.75/S$. Plant assets of S$500 were purchased in 2020, when the exchange rate was $0.752/S$. Other exchange rates (U.S. dollars/S$) are as follows:
$$\begin{array} { l r } \text { January 1, 2020 } & \$ 0.750 \\\text { Average for 2020 } & 0.754 \\\text { December 31, 2020 } & 0.760\end{array}$$ Required
a. The subsidiary's functional currency is the Singapore dollar. Calculate the translation gain or loss for 2020. Specify whether it is a gain or loss.
b. The subsidiary's functional currency is the U.S. dollar. Calculate the remeasurement gain or loss for 2020. Specify whether it is a gain or loss.